Damon Tassone has been named President of Travelocity Europe

11th Oct 2004

Travelocity® a Sabre Holdings company announced today that Damon Tassone has been named president of its Travelocity Europe operation, replacing Dirk Hauke, who has accepted a non-related-travel position with the Otto Group, Travelocity’s joint venture partner in Germany.  Tassone most recently served as senior vice president of distribution at Travelocity, where he was responsible for subsidiaries Site59.com and World Choice Travel, as well as the company’s relationships with distribution partners America Online, Yahoo! and other leading travel suppliers.

“I am very pleased that Damon will lead Travelocity Europe going forward as we renew our focus and expand our presence there. I have enormous faith in his talent and management style,” said Michelle Peluso, Travelocity CEO. “We have a strong and capable European team thanks largely to Dirk, who did a terrific job starting up and running Travelocity Europe and steering us through the recent acquisition process.”

Travelocity completed the acquisition of the remaining 50 percent of the Travelocity Europe joint venture it did not already own, excluding the operations in Germany on October 4, 2004. In Germany, the company continues its joint venture with the Otto Group business Otto Freizeit und Touristik GmbH (OFT).

Tassone will be based in London and will report directly to Peluso. He will assume responsibility for all Travelocity’s European businesses outside Germany, and for Travelocity’s 50 percent shareholding in the German operations.



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